Aurora

Andrew Kaip, managing director of mining equity research at BMO Capital Markets, says the stark reality is that the precious metals sector is only part way through a down cycle and that structural issues will result in a fresh phase of consolidation.

For his money, newsletter writer John Kaiser would rather take a chance on explorers in his own backyard of the Western US-based on millions of years of geology and some exciting new discovery methods.

Production and processing from three operating mines at Zacualpan resulted in C$2.07 million operating profit in 2007 and the company has a wealth of prospects advancing towards production, not only at Zacualpan but north in historically prodigious Zacatecas Silver District.